Delta, Aeromexico Announce DOT Approval for Transborder Alliance
The agency had given the two provisional approval in early November, while Mexico’s federal competition commission approved the two airlines’ plans in May. Both agencies gave the airlines certain stipulations, such as freeing up certain airport slots, in order to proceed.
The move allows the airlines the ability to set prices and coordinate schedules for their U.S.-Mexico flights with immunity from U.S. anti-trust laws. The airlines said they will then co-locate and improve their airport facilities such as lounges and gate areas.
The agreement “the beginning of a new era in the aviation of North America,” said Andrés Conesa, Aeromexico’s CEO.
Delta, which currently holds a small stake in Aeromexico, is awaiting regulatory approval to increase its ownership to 49%, the same percentage of ownership it has in Virgin Atlantic Airways, another airline with which it has a joint venture.
(Photo: Accura Media Group)